Angel investors recommit to KC with new fund
September 8, 2015 | Ashley Jost
A new micro venture investment fund launched in Kansas City last week is targeting local, regional and national technology and science startups for funding.
The fund, run by Angel Capital Group, is targeting $1 million to $5 million in capital to invest.
This isn’t ACG’s first funding effort in Kansas City. The organization has a chapter dedicated entirely to the Kansas City region, and has a history of investing in seven different regional companies, including Innara Health, ABPathfinder, TVAX Biomedical and Venture360. ACG’s area chapter has operated since summer 2012.
The investor group tapped Shane Spencer, an area consultant and portfolio manager, to be the fund’s general manager.
“It is an exciting time for this chapter and Angel Capital Group as they recommit to Kansas City through the transition to a fund model which will allow us to better support the entrepreneurs, startups and investors in our region,” Spencer said in a news release.
The announcement comes on the heels of Angel Capital Group announcing a merger last year with RAIN Source Capital of Minneapolis, creating a national syndicate of angel groups and funds.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
New mix in the Cauldron: Anti-capitalist storefront with obscure books, vegan food brewing
A worker-owned, community-centered bookstore and plant-based cafe — manifested by Cauldron Collective and Turnsol Books — is expected to fully open soon in the Crossroads. “I’ve thought about the space in various ways for my whole life,” said Olive Cooke, self-proclaimed “cooking witch” and co-founder of the Cauldron Collective. “I believe in manifestation, like when…
A comfy sweatshirt when the world is on fire? It’s just the start for this mental health advocate-turned-entrepreneur
Clever Babes founder Hannah Milks is passionate about building community around mental health and self care in Kansas City, she shared. The Liberty native is using her knowledge of design and somatics — plus her lived experience tending to herself through various mental health stages — to help other people care for themselves and connect…
This gumbo hits The Spot: How Prospect KC’s own students cooked up a prize-winning competition entry
Gumbo Fest brought two victories for Chef Shanita McAfee-Bryant and the Prospect KC. Not only did the weekend event earlier this month raise money to support the Prospect KC’s mission — empowering individuals and communities through increased food access, nutrition education and culinary job training — the Prospect KC’s culinary students also took home the…
Money in the tank: Health tech startup lands Pure Pitch Rally’s biggest catch of the day
The support of Kansas City’s entrepreneurial community — and the “land sharks” at this year’s Pure Pitch Rally — means the world to MedCurate founder and CEO Ashley McClellan, she shared. “They have just wrapped their arms around me as I’ve transitioned from corporate America to the entrepreneurship space,” she continued. “I’m very grateful for…